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How Much Can You Spend on Your Next Home?

How Much Can You Spend on Your Next Home?

Even if you’re not thinking about selling your home, you might be wondering how much of a new home you can afford. You might see a house for sale in a nice neighbourhood, for example, and think, “Could I get into a house like that? Is that even possible?”

Why not find out?

It only takes a few calculations to determine how much of a new home you qualify to buy. The calculation involves estimating how much you can get for your house on today’s market, taking a look at the type of home you want and determining what a house like that is currently selling for, and then taking into consideration your income, savings and other financial resources.

Once you put it all together, you’ll have a price range within which you can confidently shop for a new home.

This exercise might surprise you. You might find out you can afford to get into a home and neighbourhood you’ve always dreamed about. It’s worth finding out!

This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.